Thursday, April 1, 2010

After Helping Spend $787 Billion for Jobs, Timoth Geithner Claims Jobless Rates Will Remain 'Unacceptably High'

What does $787 billion get you in America these days? Apparently not a whole lot.

Timothy Geithner hopes to avoid himself and his commie boss Barack from taking the blame. He's pointing the blame at at the bailed out companies for the "unacceptably high" unemployment.

Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans. - AP

"As the president has said, we had to do some very unpopular things," Geithner said. "People looked at what had happened."

"It's not fair. It's deeply unfair," he said. "He (Obama) had to decide whether he was going to act to fix it or stand back ... and that would have been calamitous for the American economy."

Yup, they are pushing the blame on everyone else, although Obama made all these promises with taxpayer money about jobs.

Of course, none of this is Obama's fault, not the increased deficits, not the increased unemployment which they are now fixing the books to make look better than what it really is, simply none of it. It's the companies fault who were bailed out, and I am sure Obama and Geithner will make them pay in the long run for embarrassing Dear Leader.

The bottom line is, this is all by design to develop more government dependency. The bailouts and the stimulus didn't help the little guy. It made the government bigger and aided Obama's buddies in the labor unions. As usual, the big corporations are going to get the federal government's blame.

No comments: